Retirement plan

HOME RUN INN, INC. 401(K) PROFIT SHARING PLAN

Name: HOME RUN INN, INC. - HOME RUN INN, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: HOME RUN INN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOME RUN INN, INC. 401(K) PROFIT SHARING PLAN, HOME RUN INN, INC.

HOME RUN INN, INC.EIN 36-2799550Plan #002PY 2021

1300 INTERNATIONALE PARKWAY - WOODRIDGE, IL 60517630-783-9696homeruninn.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$17.4M

+8.4% from 2020

Total participants

389

-4.7% from 2020

Average account balance

$86,327

+16.5% from 2020

Annual return

15.06%

-2.73 pp from 2020

Benchmarks

See 703 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort703 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$78K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

163

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

35.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$656K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$589

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$60,487
PERFORMANCE WEALTH1 year Service code 27 · EIN 86-1241865	Advisory (Plan)	$17,504
WILLIAM BLAIR7+ years Filed as: WILLIAM BLAIR & COMPANY LLC Service code 27	Advisory (Plan)	$6,464
ALLIANCE PENSION CONSULTANTS, LLC7+ years Filed as: ALLIANCE PENSION CONSULTANTS LLC Service code 49	Other Services	$6,077
ALLIANCE PENSION CONSULTANTS, LLC7+ years Service code 49 · EIN 36-4389114	Other Services	$0
WILLIAM BLAIR7+ years Filed as: WILLIAM BLAIR & COMPANY, LLC Service code 27 · EIN 36-2214610	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$101K

$294 / participant

Investment mgmt$101K100.0%

% of EOY assets

0.580%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SELDON FOX, LTD.
Auditor EIN: 362985770
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,327

$66,528+29.8%

$86,615-0.3%

$86,821-0.6%

Participation rate

45.0%

72.4%-27.3pp

71.6%-26.6pp

72.3%-27.3pp

Annual return

15.06%

19.56%-4.5pp

63.51%-48.4pp

97.94%-82.9pp

Employer contribution / active EE

$615

$2,007-69.3%

$2,496-75.3%

$2,406-74.4%

Participant deferral / active EE

$1,431

$3,240-55.8%

$3,699-61.3%

$4,132-65.4%

Admin fee / account holder

$501

$148+238.2%

$5,830-91.4%

$170+195.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$60,487

PERFORMANCE WEALTH1 year

Service code 27 · EIN 86-1241865

Advisory (Plan)

$17,504

WILLIAM BLAIR7+ years

Filed as: WILLIAM BLAIR & COMPANY LLC

Service code 27

Advisory (Plan)

$6,464

ALLIANCE PENSION CONSULTANTS, LLC7+ years

Filed as: ALLIANCE PENSION CONSULTANTS LLC

Service code 49

Other Services

$6,077

ALLIANCE PENSION CONSULTANTS, LLC7+ years

Service code 49 · EIN 36-4389114

Other Services

WILLIAM BLAIR7+ years

Filed as: WILLIAM BLAIR & COMPANY, LLC

Service code 27 · EIN 36-2214610

Advisory (Plan)

HOME RUN INN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOME RUN INN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion